LVMH to launch Sephora chain in Brazil

07/5/2010 | Bloomberg Businessweek

LVMH Moet Hennessy Louis Vuitton will acquire 70% of Rio de Janeiro-based Sack's, an online fragrance and cosmetics retailer. The move will allow the largest luxury-goods maker in the world to launch its Sephora chain in Brazil. Ten-year-old Sack's gets 4 million unique visits monthly and serves more than 830,000 customers.

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